The Europe Lutein Market should witness market growth of 5.4% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 1,060.3 tonnes, showcasing a growth of 2.7% (2019-2022).
Lutein provides several health advantages, including preventing eye conditions like retinitis pigmentosa, cataracts, and age-related macular degeneration (AMD). The market is expanding as a result of these health advantages. Lutein helps to protect and maintain healthy eye cells by filtering damaging high-energy blue light waves. Therefore, lutein serves as a light filter for the eyes to shield them from harm from intense sunshine. More lutein and zeaxanthin in the diet is associated with a lower incidence of AMD.
Manufacturers created functional foods & supplements rich in lutein utilizing naturally derived components as a result of consumer demand for natural and clean-label products. Lutein supplements were created as a result of the trend toward individualized nutrition and were made to meet the demands and health objectives of a particular consumer. Producers began producing lutein in various product formats, such as candies, drinks, snacks, and powders, to meet varied consumer preferences. Companies developed lutein products to cater to different age groups' various eye health demands, including adults, children, and seniors.
Research from the U.K. government titled "Future of an aging population" predicts that by 2040, one in seven individuals in the U.K. will be over 75. It is anticipated that 1.42 million additional families, or a spike of 161% over 25 years, will be headed by someone 85 years or older by 2037. Due to the increasing risk of illnesses like glaucoma, AMD, and others due to this demographic trend, there is a rise in interest in preventative methods for maintaining eye health, boosting the market for lutein supplements. Thus, the rising aging population in European countries is predicted to offer growth prospects to the market participants in the market as they age.
The Germany market dominated the Europe Lutein Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $33.8 Million by 2030. The UK market is anticipated to grow at a CAGR of 4.5% during (2023-2030). Additionally, The France market should witness a CAGR of 6.2% during (2023-2030).
Based on Form, the market is segmented into Powder & Crystalline, Beadlet, Emulsion, and Oil Suspension. Based on Source, the market is segmented into Synthetic, and Natural. Based on Application, the market is segmented into Dietary Supplements, Beverages, Food, Animal Feed, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include BASF SE, Kemin Industries, Inc., E.I.D. Parry Limited (Murugappa Group), Merck KGaA, Piveg, Inc., Synthite Industries Pvt. Ltd., Dohler GmbH, Sabinsa Corporation (Sami-Sabinsa Group Ltd.), Fenchem Biotek Ltd., and India Glycols Limited
Lutein provides several health advantages, including preventing eye conditions like retinitis pigmentosa, cataracts, and age-related macular degeneration (AMD). The market is expanding as a result of these health advantages. Lutein helps to protect and maintain healthy eye cells by filtering damaging high-energy blue light waves. Therefore, lutein serves as a light filter for the eyes to shield them from harm from intense sunshine. More lutein and zeaxanthin in the diet is associated with a lower incidence of AMD.
Manufacturers created functional foods & supplements rich in lutein utilizing naturally derived components as a result of consumer demand for natural and clean-label products. Lutein supplements were created as a result of the trend toward individualized nutrition and were made to meet the demands and health objectives of a particular consumer. Producers began producing lutein in various product formats, such as candies, drinks, snacks, and powders, to meet varied consumer preferences. Companies developed lutein products to cater to different age groups' various eye health demands, including adults, children, and seniors.
Research from the U.K. government titled "Future of an aging population" predicts that by 2040, one in seven individuals in the U.K. will be over 75. It is anticipated that 1.42 million additional families, or a spike of 161% over 25 years, will be headed by someone 85 years or older by 2037. Due to the increasing risk of illnesses like glaucoma, AMD, and others due to this demographic trend, there is a rise in interest in preventative methods for maintaining eye health, boosting the market for lutein supplements. Thus, the rising aging population in European countries is predicted to offer growth prospects to the market participants in the market as they age.
The Germany market dominated the Europe Lutein Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $33.8 Million by 2030. The UK market is anticipated to grow at a CAGR of 4.5% during (2023-2030). Additionally, The France market should witness a CAGR of 6.2% during (2023-2030).
Based on Form, the market is segmented into Powder & Crystalline, Beadlet, Emulsion, and Oil Suspension. Based on Source, the market is segmented into Synthetic, and Natural. Based on Application, the market is segmented into Dietary Supplements, Beverages, Food, Animal Feed, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include BASF SE, Kemin Industries, Inc., E.I.D. Parry Limited (Murugappa Group), Merck KGaA, Piveg, Inc., Synthite Industries Pvt. Ltd., Dohler GmbH, Sabinsa Corporation (Sami-Sabinsa Group Ltd.), Fenchem Biotek Ltd., and India Glycols Limited
Scope of the Study
By Form
- Powder & Crystalline
- Beadlet
- Emulsion
- Oil Suspension
By Source (Volume, Tonnes, USD Thousand, 2019-2030)
- Synthetic
- Natural
By Application (Volume, Tonnes, USD Thousand, 2019-2030)
- Dietary Supplements
- Beverages
- Food
- Animal Feed
- Others
By Country (Volume, Tonnes, USD Thousand, 2019-2030)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Kemin Industries, Inc.
- E.I.D. Parry Limited (Murugappa Group)
- Merck KGaA
- Piveg, Inc.
- Synthite Industries Pvt. Ltd.
- Dohler GmbH
- Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
- Fenchem Biotek Ltd.
- India Glycols Limited
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market At a Glance
Chapter 3. Market Overview
Chapter 4. Europe Lutein Market by Form
Chapter 5. Europe Lutein Market by Source
Chapter 6. Europe Lutein Market by Application
Chapter 7. Europe Lutein Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- BASF SE
- Kemin Industries, Inc.
- E.I.D. Parry Limited (Murugappa Group)
- Merck KGaA
- Piveg, Inc.
- Synthite Industries Pvt. Ltd.
- Dohler GmbH
- Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
- Fenchem Biotek Ltd.
- India Glycols Limited
Methodology
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